DIAL vs. PSDM
Compare and contrast key facts about Columbia Diversified Fixed Income Allocation ETF (DIAL) and PGIM Short Duration Multi-Sector Bond ETF (PSDM).
DIAL and PSDM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DIAL is a passively managed fund by Ameriprise Financial that tracks the performance of the Bloomberg Beta Advantage Multi-Sector Bond Index. It was launched on Oct 12, 2017. PSDM is an actively managed fund by PGIM. It was launched on Jul 19, 2023.
Performance
DIAL vs. PSDM - Performance Comparison
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DIAL vs. PSDM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
DIAL Columbia Diversified Fixed Income Allocation ETF | -0.68% | 9.93% | 1.69% | 4.19% |
PSDM PGIM Short Duration Multi-Sector Bond ETF | 0.48% | 6.16% | 5.48% | 3.96% |
Returns By Period
In the year-to-date period, DIAL achieves a -0.68% return, which is significantly lower than PSDM's 0.48% return.
DIAL
- 1D
- 0.70%
- 1M
- -2.42%
- YTD
- -0.68%
- 6M
- 0.43%
- 1Y
- 6.22%
- 3Y*
- 5.05%
- 5Y*
- 0.73%
- 10Y*
- —
PSDM
- 1D
- 0.59%
- 1M
- -0.45%
- YTD
- 0.48%
- 6M
- 1.75%
- 1Y
- 5.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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DIAL vs. PSDM - Expense Ratio Comparison
DIAL has a 0.29% expense ratio, which is lower than PSDM's 0.40% expense ratio.
Return for Risk
DIAL vs. PSDM — Risk / Return Rank
DIAL
PSDM
DIAL vs. PSDM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Diversified Fixed Income Allocation ETF (DIAL) and PGIM Short Duration Multi-Sector Bond ETF (PSDM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| DIAL | PSDM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.40 | 2.60 | -1.20 |
Sortino ratioReturn per unit of downside risk | 2.02 | 4.17 | -2.15 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.55 | -0.29 |
Calmar ratioReturn relative to maximum drawdown | 1.92 | 4.19 | -2.27 |
Martin ratioReturn relative to average drawdown | 8.30 | 16.21 | -7.91 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DIAL | PSDM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 2.60 | -1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 2.99 | -2.66 |
Correlation
The correlation between DIAL and PSDM is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DIAL vs. PSDM - Dividend Comparison
DIAL's dividend yield for the trailing twelve months is around 4.97%, less than PSDM's 5.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DIAL Columbia Diversified Fixed Income Allocation ETF | 4.97% | 4.81% | 4.67% | 3.77% | 3.47% | 2.46% | 2.61% | 3.27% | 3.56% | 0.65% |
PSDM PGIM Short Duration Multi-Sector Bond ETF | 5.32% | 4.57% | 5.17% | 2.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DIAL vs. PSDM - Drawdown Comparison
The maximum DIAL drawdown since its inception was -22.19%, which is greater than PSDM's maximum drawdown of -1.19%. Use the drawdown chart below to compare losses from any high point for DIAL and PSDM.
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Drawdown Indicators
| DIAL | PSDM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.19% | -1.19% | -21.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.34% | -1.19% | -2.15% |
Max Drawdown (5Y)Largest decline over 5 years | -22.19% | — | — |
Current DrawdownCurrent decline from peak | -2.42% | -0.45% | -1.97% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -0.17% | -5.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.77% | 0.31% | +0.46% |
Volatility
DIAL vs. PSDM - Volatility Comparison
Columbia Diversified Fixed Income Allocation ETF (DIAL) has a higher volatility of 2.07% compared to PGIM Short Duration Multi-Sector Bond ETF (PSDM) at 0.91%. This indicates that DIAL's price experiences larger fluctuations and is considered to be riskier than PSDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIAL | PSDM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.07% | 0.91% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.76% | 1.18% | +1.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.48% | 1.96% | +2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.00% | 2.02% | +4.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.07% | 2.02% | +5.05% |